Syscoin (SYS) Price Down 28.1% Over Last Week

Syscoin (SYS) traded down 1.3% against the U.S. dollar during the one day period ending at 13:00 PM E.T. on March 10th. One Syscoin coin can now be bought for approximately $0.0443 or 0.00000056 BTC on major cryptocurrency exchanges. In the last seven days, Syscoin has traded down 28.1% against the U.S. dollar. Syscoin has a market capitalization of $35.69 million and $5.96 million worth of Syscoin was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded down 9.9% against the dollar and now trades at $5.92 or 0.00007511 BTC.
• Bitcoin (BTC) traded down 4.7% against the dollar and now trades at $78,817.85 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3.9% lower against the dollar and now trades at $348.71 or 0.00442429 BTC.
• Bitcoin SV (BSV) traded down 1.8% against the dollar and now trades at $32.30 or 0.00040980 BTC.
• eCash (XEC) traded 1.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Profile

Syscoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on August 16th, 2014. Syscoin’s total supply is 805,202,128 coins. The official website for Syscoin is syscoin.org. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The Reddit community for Syscoin is https://reddit.com/r/syscoin and the currency’s Github account can be viewed here. The official message board for Syscoin is syscoin.org/news.

According to CryptoCompare, “Syscoin (SYS) is a blockchain protocol founded in 2014 by Sebastian Schepis, designed to merge the security of Bitcoin with the functionality of Ethereum into a single, scalable platform. It supports the creation of decentralized applications and custom tokens, leveraging a dual-chain architecture that includes the Ethereum-compatible NEVM and a Bitcoin-based Syscoin UTXO blockchain. Syscoin aims to offer fast, secure, and low-cost transactions, with features like optimistic and ZK rollups for enhanced scalability. Led by the non-profit Syscoin Foundation, with development spearheaded by SYS Labs, the ecosystem fosters innovation in decentralized finance (DeFi) and NFT marketplaces. Syscoin’s unique blend of Bitcoin’s and Ethereum’s strengths positions it as a versatile and efficient blockchain for a wide range of applications.”

Buying and Selling Syscoin

It is usually not currently possible to buy alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView